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DE000DK0CNR5

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DEKA Memory Express Airbag BASF 06.08.2019

Summary

This is a 5 year autocall paying in Euro issued by Deka Bank linked to the performance of BASF SE between 8/1/2014 and 8/1/2019. Although the latest maturity date is 8/1/2019, the product will be monitored at annual periods. The product will mature early if at any annual date, from period 1, the worst performing underlying is at or above 100% of its initial level (at the relevant date). In which case, the product will repay the initial investment plus a coupon of 3% (at the relevant date when the autocall is triggered). Otherwise the product will pay a coupon of 3% if the underlying is at or above the 75% of its initial level. Not paid coupons will be accumulated and will be paid when the condition will verify. If the product runs to maturity, the product will repay the initial investment plus a coupon of 3% so long as the worst performing underlying is at or above 75%. If the European protection barrier of 75% has not been breached, the nominal value will be paid, otherwise the product will repay the initial investment less any negative worst performing underlying measured over the term of the product

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